On New Year January 1, 2023, India petrol diesel prices in India have mostly remained unchanged, and prices have remained stable for the past seven months. Petrol, diesel prices: Check today rates in India major cities. On May 21, 2022, Finance Minister Nirmala Sitharaman reduced the excise duty on petrol by Rs.8 per litre and on diesel by Rs.6 per litre across the entire country.
In Delhi, the cost of petrol is Rs.96.72 and that of diesel is Rs.89.62 a litre, respectively. Petrol costs Rs.106.31 per litre in Mumbai while diesel costs Rs.94.27. In Kolkata, the cost of petrol is Rs.106.03 and that of diesel is Rs.92.76 a litre, respectively. Petrol costs Rs.102.63 per litre in Chennai while diesel costs Rs.94.24.
In Bengaluru, it’s Rs.101.94 for a litre of petrol and Rs.87.89 for a litre of diesel. Every day at six o’clock, any adjustments to the price of gasoline and diesel go into effect. State-by-state variations in the cost of gasoline and diesel can be attributed to factors like Value Added Tax (VAT), freight costs, local taxes, etc.
The daily price revisions made by public sector OMCs like Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL), and Hindustan Petroleum Corporation Ltd (HPCL) are in accordance with foreign exchange rates and international benchmark prices.
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Here are the petrol and diesel prices of some of the major cities in India, as of January 1, 2023.
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